' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …

the existing "pressure balance" approach. The model generates Phillips styled inflation - unemployment dynamics that are a …

We explore the relationship between inequality, unemployment, and inflation by considering the evidence that low … income distribution. The inflation-unemployment-inequality nexus leads to the inequality-augmented Phillips curve relating … higher levels of unemployment to lower inflation rates and more inequality. We then perform two sets of experiments to …